IQE plc (IQE) Upgraded at Peel Hunt

Peel Hunt upgraded shares of IQE plc (LON:IQE) to a buy rating in a research note issued to investors on Wednesday. They currently have GBX 60 ($0.74) price objective on the stock, up from their prior price objective of GBX 35 ($0.43).

Other equities analysts have also recently issued research reports about the stock. N+1 Singer reiterated a buy rating on shares of IQE plc in a research note on Tuesday, March 21st. Canaccord Genuity increased their price objective on shares of IQE plc from GBX 51 ($0.63) to GBX 69 ($0.85) and gave the stock a buy rating in a research note on Tuesday, March 21st.

Shares of IQE plc (LON:IQE) opened at 58.9375 on Wednesday. The firm’s 50-day moving average is GBX 48.34 and its 200 day moving average is GBX 37.52. IQE plc has a 12 month low of GBX 16.00 and a 12 month high of GBX 61.19. The company’s market capitalization is GBX 392.93 million.

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About IQE plc

IQE plc is a United Kingdom-based holding company. The Company is engaged in the research, development and provision of engineering consultancy services to the compound semiconductor industry. The Company’s segments include wireless, photonics, Infra Red and CMOS++. The Company is the manufacturer and supplier of Compound Semiconductor wafers or epiwafers using a process called epitaxy.

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